MPOWER® Financing
MPOWER Financing is a Washington, D.C. and Bangalore, India based FinTech lender focused on increasing access for the international and DACA (Deferred Action for Childhood Arrivals) student communities that are currently underserved by conventional banks.
ETS Strategic Capital made a minority investment in MPOWER Financing and plans to leverage its largely international connections to student borrowers in AsiaPacific regions, primarily India and China. This connection will aim to help increase synergies between student borrowers globally and ETS’s GRE® and TOEFL® programs.
“MPOWER is delighted to be working with ETS and exploring ways to support the millions of students who test with them globally every year. By democratizing access to financing, we hope an even greater number of qualified students around the globe will venture to study in North America,” said Manu Smadja, MPOWER Financing’s CEO and Co-founder. “As impact-oriented firms with a global outlook, our teams instantly connected and are excited to help students attain the best possible educational outcomes.”
Press Release: ETS Strategic Capital Announces New Deals, Expands Portfolio